@engineer,
engineer wrote:Gas prices are one place where there is already very healthy competition in pricing. I don't see any way forcing a pricing structure change will change that for better or worse.
But at least the consumer could be treated to an honest and ethical price structure, instead of the phony 9/10 of a cent, which is essentially another penny per gallon.
Another issue about this that I think would be interesting; It would probably take a statistical analysis to figure it out, but I bet that the majority of gasoline purchases are rounded up to the next penny, instead of downward, because of the math associated with multiples of 9/10 of a penny. Taken in aggregate, it probably amounts to millions of dollars per day or at least per month across the country.
Another tangent thought about this, a few years ago I had access to a calibration container, and just out of my own curiosity I took it to a couple of filling stations and filled it to the calibrated volume of I think 5 gallons. I wanted to see if the flow meters on the pumps were actually close to accurate. Guess what, they were close, but I did find that a couple of pumps I tested were off a tiny bit, probably the equivalent of enough volume to equal a penny a gallon. I found this to be interesting because I've known people that will drive 35 miles to another town to buy gas at a penny a gallon less. The whole thing is totally laughable that the stations are pricing the gasoline in tenths of a penny, when they can't even measure the fluid down to an accuracy of the equivalent of a tenth of a penny. That little exercise helped convince me that it is time to end this insanity of pricing in nine tenths of a penny.